DSC1630 Introductory Financial Mathematics (DSC1630)
University of South Africa
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DSC1630 EXAM PACK OCT/NOV 2022/2023
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DSC1630 EXAM PACK 
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1. On his ninth birthday on 21 February Shelly received R420. His parents immediately 
invested the money in an account that earns 7,5% simple interest. The amount of 
money that can be withdrawn on 5 June for the same year equals 
[1] R411,21. 
[2] R428,89. 
[3] R428,98. 
[4] R429,07. 
[5] none of the above. 
2. An interest rate of 16,4% compounded quarterly is equivalent to a weekly compounded 
interest of 
[1] 16,073%. 
[2] 16,098%. 
[3] 16,714%. 
[4] 16,...
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DSC1630 Assignment 3 Semester 1 2023 (769272)
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UNIVERSITY EXAMINATIONS 
mm 
MAY/JUNE 2020 
DSC1630 
INTRODUCTORY FINANCIAL MATHEMATICS 
100 Marks 
Duration: 2 Hours 30 Minutes 
EXAMINERS: 
First: Mrs MF Immelman Second: Mrs WA Van Hoepen 
This paper consists of 13 pages, including a list of formulas and a date table. 
Programmable calculator permissible. 
Instructions: 
Answ...
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DSC1630 ASSIGNMENT 1 SEMESTER 1 2023
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DSC1630 EXAM PACK 2022
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DSC1630 EXAM PACK 2022. DSC1630 - Introductory Financial Mathematics 
A bank’s simple discount rate is 12% per annum. You need to pay the bank R5 000 in six months’ time. 
The amount of money that you will receive from the bank now is 
[1] R4 700,00. 
[2] R4 716,98. 
[3] R4 724,56. 
[4] R5 300,00. 
[5] R5 319,15. 
Question 3 
Jacob invests R8 350 in an account that pays simple interest. After six years,the amount that he 
receives (accumulated sum) is R12 859. The simple interest rate on the...
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DSC1630- Introductory Financial Mathematics EXAM PACK 2022.
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DSC1630- Introductory Financial Mathematics EXAM PACK 2022. Question 1 
The amount of money you have to invest at a simple interest rate of 15% per annum, to earn R5 250 
interest after three years, is 
[1] R3 620,69. 
[2] R10 000,00. 
[3] R5 249,48. 
[4] R122 500,00. 
[5] R11 666,67. 
Question 2 
A bank’s simple discount rate is 12% per annum. Yo need to pay the bank R5 000 in six months’ time. 
The amount of money that you will receive from the bank now is 
[1] R4 700,00. 
[2] R4 716,98. 
...
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